How to Sell on ShopClues - Seller Registration

How to Sell on ShopClues - Seller Registration The online marketplace model has opened up floodgates of prosperity even for individuals and startups. In the ordinary course of things it takes years for someone to become established in business.

However, if you join an online marketplace you gain success beyond expectations in a short time and one such marketplace to consider is ShopClues. It counts among the top 5 marketplaces with a pan-India reach and millions of buyers. Reach out to a fraction of these buyers and you have a steadily growing income. The question is just how to sell on Shopclues. We clue you in with these easy to follow guidelines.

First things first  If you wish to do business you must become a business entity. If you sell you have to raise an invoice and when you buy you receive an invoice. GST is involved and one must have GST registration in a business name.  Naturally you will have to open a bank account in the business name, get a chequebook and keep a cancelled cheque ready for submission to Shopclues.  A PAN card in your business name is necessary so get registered with Income-tax authorities and obtain the PAN card  You will need a digital signature with company stamp  If you are selling your own brand products then you need a trademark certificate.

If you sell products from suppliers you may be required to obtain an authorization letter.

It takes time to put all these documents together and when you do, scan them into electronic format. Should you need assistance you can always leave all these matters to Digicommerce, India’s prime ecommerce enabler. Digicommerce will be helpful in more ways than one, starting with these and the next steps.

Registering a business You can set up a business entity according to what is convenient for you:  Proprietorship: You are sole owner of the business, rake in profits and are also fully personally liable in every way. If a claim is made then even your bank assets, liquid assets and property fall under the claim.

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Partnership/limited partnership: This is better since it spreads out the risk. A limited partnership limits risk and keeps your personal assets outside the purview of legal claims on the business entity.  Private limited and limited company: This is even better from the perspective of limited liability. However, it does involve more procedures in registering your business. Further, you will need to submit regular returns and forms to the Registrar of Companies and this involves additional expense.

It would be a good idea to start as a limited partnership since registration of this type of business has least hassles.

Register on Shopclues The next step is what decides your future as a successful merchant. It is the process of registration on Shopclues as a seller. You can do it on your own.

Simply navigate to http://storemanager.shopclues.com       

Start the process by entering your email ID and your phone number. Click on next.

You receive a one time OTP on your mobile. Enter this number to take the process forwards.

The next step is to set up your password.

Create a unique identity for your store by giving it a unique name.

Enter your PIN code Input your GSTN registration number You see a message on your screen that you are registered and your account is created with Shopclues. This is the first important step on how to sell on Shopclues. The next step is to set up your store using the Shopclues StoreManager utility and upload catalogues of products.

Wait a minute, what are you going to sell?

If you already have a retail store and wish to expand this is of little concern since you will be taking your store online and reaching out to millions of buyers. For those who are starting from the ground up it is important to choose the right products to sell on Shopclues. This is important and a point you should get sorted out even before the registration on Shopclues process. You have to consider various matters that will ultimately affect your revenues, such as:  Quantity you can sell – Research Shopclues to know which products sell the most.

Even if your margin is low you can make it up by volume sales.  Some products will give you only a slim margin and you may need to buy in bulk to get these at a lower price whereas market prices are more or less fixed between a certain range so your profit is slim. Remember, you will be paying Shopclues their charges. Your sales price should factor in this aspect as well if

you are to make a profit on the transaction. Research a little and you will be able to go for products where Shopclues charges are low and you can sell more at attractive prices. Digicommerce team’s research helps you get started with the right products selection even before you register on Shopclues.

How to sell on Shopclues is easy enough as is the process of registration but to get more revenues you have to make smart decisions on product choices and proper promotions, areas in which Digicommerce can certainly help out.

Original Sources: How to Sell on Shopclues